Common use of Suspension of Exercisability Clause in Contracts

Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 2.3(g) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for 90 days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 6 contracts

Samples: Shareholder Protection Rights Agreement (Global Payments Inc), Shareholder Protection Rights Agreement (Global Payments Inc), Shareholder Protection Rights Agreement (Acsys Inc)

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Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 2.3(g) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for 90 ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 3 contracts

Samples: Shareholder Protection Rights Agreement (Irt Property Co), Shareholder Protection Rights Agreement (Checkmate Electronics Inc), Stockholder Protection Rights Agreement (Ivi Checkmate Corp)

Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need must be taken pursuant to Section 2.3(g3.1(a), (b) or Section 3.1 (c) or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a period of up to 90 days and any additional period that may be reasonable following the date of the occurrence of the Distribution Date or the Flip-in Date in order to take such the action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof , but notice pursuant to Section 5.9 is not required. Failure to give a notice pursuant to the provisions of this Agreement shall not be requiredaffect the validity of any action pursuant to this Section 5.10.

Appears in 2 contracts

Samples: Rights Agreement (Atrion Corp), Rights Agreement (CBRL Group Inc)

Suspension of Exercisability. To the extent that the Company ---------------------------- Corporation determines in good faith that some action will or need be taken pursuant to Section 2.3(g2.2(g) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company Corporation may suspend the exercisability of the Rights for 90 days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company Corporation shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 2 contracts

Samples: Stockholder Protection Rights Agreement (Gold Kist Holdings Inc.), Shareholder Protection Rights Agreement (Parkervision Inc)

Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 2.3(g3.1(e) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for 90 days and any additional period that may be reasonable following the date of the occurrence of the Separation Time or the Distribution Date in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Rights Agreement (Progressive Bank Inc)

Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 2.3(g) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for 90 ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Shareholder Protection Rights Agreement (Tropical Sportswear International Corp)

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Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 2.3(g) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for 90 ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall promptly give the Rights Agent written notice thereof and issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required. Failure to give a notice pursuant to the provisions of this Agreement shall not affect the validity of any action taken hereunder.

Appears in 1 contract

Samples: Shareholder Protection Rights Agreement (Astec Industries Inc)

Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 2.3(g) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for 90 ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Stockholder Protection Rights Agreement (Ivi Checkmate Corp)

Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 2.3(g) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for 90 days and any additional a reasonable period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement (with prompt written notice thereof to the Rights Agent) stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Rights Agreement (Goldman Sachs Group Inc)

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